Sinclair Energy Resources purchased land containing 10.4 million tons of tar sands for $2,704,000. It cost $992,000 to prepare the property for production and the residual value is $189,000. Compute the annual depletion cost if 2,226,000 tons were produced during the year. (Round depletion cost per unit to the nearest cent)

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The Answer of Sinclair Energy Resources purchased land containing 10.4 million tons of tar sands for $2,704,000. It cost $992,000 to prepare the property for production and the residual value is $189,000. Compute the annual depletion cost if 2,226,000 tons were produced during the year. (Round depletion cost per unit to the nearest cent)

Sinclair Energy Resources Purchased Land Containing 10